In search of alternative energy sources, Russians are exploring the potential of oil fields in their search for alternative energy sources. Earlier this week, several of the largest local mining companies applied to the government for permission to build mining farms.
Due to the growing volume of cryptocurrency mining, Kazakhstan could suffer from energy shortages for its citizens. To counter this, the country's energy ministry has set consumption limits for miners.
The hype around crypto ETFs is not slowing down. While the community waits for ProShares ETF to start trading today, October 19, Invesco withdraws its proposal. The US SEC is keeping suspiciously quiet.
El Salvadorans seem to confirm that Bitcoin is the best solution for remittances between countries. According to President Nayib Bukele, the national Chivo wallet registered over $3 million worth of transactions in Bitcoins, most of which were sent from abroad.
Elon Musk is known for his support of the meme cryptocurrency Dogecoin. Every time he posts something about the altcoin, its price skyrockets. However, the community hopes that the billionaire will take DOGE even further - to Mars.
The impact of the cryptocurrency industry on the environment has become an issue of great concern. Some countries like China have even decided to restrict their activities like mining and transactions.
More than 20 cryptocurrency companies have announced they are leaving China after the government cracked down on the industry on September 24. This new wave of sanctions paves the way for the US to gain the upper hand in this sector.